NuScale Power Stock Shows Bullish Signals Despite Recent Pullback

Recent Market Movement and Investor Activity

NuScale Power (SMR) shares declined significantly this week, reportedly falling 12.4% to $33.60 amid news that Starboard Value acquired an almost 5% stake in Fluor Corporation, which maintains majority ownership in the nuclear technology company. Despite this pullback, sources indicate the stock remains up 89.6% for 2025 and had reached an all-time high of $57.42 just last week.

Recent Market Movement and Investor Activity
Technical Analysis Suggests Potential Support Level
Options Market Sentiment and Positioning
Analyst Coverage and Rating Landscape

Technical Analysis Suggests Potential Support Level

According to technical analysis from Schaeffer’s Senior Quantitative Analyst Rocky White, the current decline has placed NuScale Power stock near a historically significant trendline. The report states that SMR is within 0.75 average true range (ATR) of its 126-day moving average, having traded above this level approximately 80% of the time over recent trading periods.

Analysts suggest this technical setup has occurred five times over the past decade, with the stock reportedly showing gains one week later in 60% of these instances, averaging a 0.7% increase. This pattern potentially indicates a near-term bullish opportunity for the utilities stock.

Options Market Sentiment and Positioning

Market data from major options exchanges reveals substantial put activity on NuScale Power. The security’s 50-day put/call volume ratio of 3.66 reportedly ranks higher than 86% of annual readings, indicating investors have been purchasing puts at an accelerated pace.

Echoing this sentiment, the Schaeffer’s put/call open interest ratio (SOIR) of 1.44 reportedly stands above all other readings from the past year, suggesting short-term options traders have shown a distinct preference for bearish positions. Analysts suggest this pessimistic positioning could create favorable conditions for a bullish reversal if market sentiment begins to shift.

Analyst Coverage and Rating Landscape

According to reports covering brokerage sentiment, 10 of the 15 analysts following NuScale Power maintain “hold” or equivalent ratings. This conservative stance among covering firms, combined with the heavy put activity in options markets, potentially leaves substantial room for upward momentum should investor confidence improve.

The combination of technical support levels, extreme put positioning, and cautious analyst ratings suggests NuScale Power may be positioned for a potential rebound, though market participants should consider the inherent volatility in utilities and emerging nuclear technology stocks.